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🏠 Home › MCQs › Pakistan Current Affairs › Question

What is the primary economic mechanism of the European Union’s Generalised Scheme of Preferences Plus (GSP+)?

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By Zain

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Published 27 Mar 2026

A. Direct budgetary support for infrastructure

B. Preferential tariff rates on exported goods

C. Low-interest loans for industrial development

D. Technical assistance for military modernization

💡 Explanation:

The GSP+ is a special incentive arrangement that provides vulnerable developing countries duty-free or reduced-tariff access to the EU market, contingent on the implementation of international conventions regarding human and labor rights.

📚 Topics: Pakistan Current Affairs

🎯 Exams: CSS PMS UK_CS US_COMP

🏷️ Tags: Economic Diplomacy Foreign Policy International Trade Trade Agreements

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